Open to the north and east with current meaningful hits over approx 1.5kmx 0.85km and widths of upto 17mtr. Rough back of the envelope calcs at 50% discount = 26,000 tonnes of contained metal @0.85% cut off.
Thats $500 mill AUD in ground value. @5% in ground value = $50 mill divided by 71 mill shares = 70c a share. Halve that again for risk = 35c a share with minimal risk.
Happy to be corrected if my maths is wildly off
Ann: Investor Presentation - RIU Explorers Conference, page-55
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| Open | High | Low | Value | Volume |
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Change
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